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Debt
6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Debt and Capital Leases Disclosures [Text Block]
Debt

Long term debt was as follows:
(in millions)
 
June 30, 2017
 
December 31, 2016
Revolving credit facility
 
$
70

 
$

Term loan A due 2021(1)
 
719

 
694

Term loan B due 2023
 
846

 
750

Senior notes due 2024
 
510

 
510

Capital lease obligations
 
46

 
43

Principal Debt Balance
 
$
2,191

 
$
1,997

Debt issuance costs and unamortized discounts
 
(61
)
 
(56
)
Less: current maturities
 
(59
)
 
(28
)
Total Long-term Debt
 
$
2,071

 
$
1,913

_______
(1)
The aggregate principal debt for Term Loan A includes borrowings in both U.S Dollars and Euros.
Term Loan B Repricing
On April 7, 2017, we entered into Amendment No. 1 (the "Repricing Amendment") to the Credit Agreement, dated as of December 7, 2016. As a result of the Repricing Amendment, we were required to pay the Term B Lenders a 1% principal prepayment fee on approximately $848 million principal balance in the amount of approximately $8 million, and the Term B Loan interest rate was reduced by 1.5%, from 5.5% over LIBOR to 4.0% over LIBOR. The repricing of the Term B Loan interest rate is expected to result in substantial interest rate cost savings over the life of the Term B Loan. Transaction fees of $1 million were expensed.